Jumbo Loan Calculator

A jumbo loan exceeds the conforming loan limits set by the FHFA (currently $766,550 in most areas). These loans cannot be purchased by Fannie Mae or Freddie Mac and typically require higher credit scores and larger down payments.

Jumbo loans typically require a credit score of 700+, a down payment of 10-20%, a debt-to-income ratio below 43%, and cash reserves of 6-12 months of payments.

Historically jumbo rates were higher, but today they are often comparable to or even lower than conforming rates due to competition among lenders for high-value borrowers.